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Sify adds 11 data centres in a year, targets 2026 IPO as AI demand surgesSify Technologies launched 11 data centres in 12 months and is targeting a 2026 IPO, riding strong demand from AI workloads, cloud growth, and data localisation rules.By Shereen Bhan  February 17, 2026, 3:36:57 PM IST (Published)1 Min ReadOn the sidelines of the India AI Impact Summit 2026, Raju Vegesna, CMD of Sify Technologies, told CNBC-TV18 that the company has launched 11 new data centres in the past 12 months and is now on track for an IPO in 2026.

The expansion comes at a time when rising AI workloads, growing cloud demand, and data localisation requirements are reshaping India’s digital infrastructure needs.

The company’s announcement aligns with supportive policy measures. In Budget 2026, the government extended tax incentives for data centre infrastructure, including continued benefits under Section 80-IA for infrastructure status projects, concessional customs duties on certain imported server and networking equipment, and accelerated depreciation benefits aimed at reducing upfront capital burdens.

The Budget also reinforced support for domestic cloud and AI infrastructure as part of the broader digital public infrastructure push.

: Sify's $5 billion capex by 2030 for data centre growth

For data centre operators, these measures lower capital costs and improve project viability, particularly in a sector where upfront investments are high and returns are back-ended.Continue ReadingTagsData Centreinitial pubic offering IPO